RHYL STEAM PRESERVATION TRUST UNAUDITED ACCOUNTS FOR YEAR ENDED 31st DECEMBER 2021 Charlty Rogl•trallon No. 1103953
RHYL 8TEAM PRESERVATION TRUST CONTENTS YEAR ENDEO 31•t DECEMBER 2021 Tru8tso8' RoFKVt IndeperonI Ex•mlngfs Rewt Stat•m•nt crf k¢ounts 8-13
RHYL STEAM PRESERVATION TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEMBER 2021 LEGAL AND ADMINISTRATIVE INFORMATION Ch•rlty R•gl•lrntlon No. 1103953 A¢Gr•dlt•d Mu••um No. 2283 Op•ratlonal Addr• Central St811on M9rlne Lake Welllnglon R¢)ad Rh LL18 1AQ Admln•tr•llv• Offle• 10 Clhant Id Flkntshlr• CH7 1GG Tru•t••• LedSe Hugh•8 Slmn T Town8ond LLB Caml Hughe8 Ju$lln O Bell Ludlle Green Lou18e Web81ar Cllr Joan Buttorfeld {r•8lgn•d 23106120211 Chjlrynin Secretary Ind•p•nd•nt Ex•mln•r• DSG Unlt 5 Evolullon Hou8• Lak081d6 8u61n88$ Pork Sl Davld'8 Park Estate EVA Fllntshlr• CH5 3XP Bank•rn Lloyd8 Bank PIC 22 Mostwi Slre•t Llondudno Gedd LL30 2RU
RHYL STEAM PRESERVAT1014 TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 318T DECEMBER 2021 (coimNUED) STRUCTURE, GOVERNANCE AND PIANAGEMENT Gov•mlng Docum•nt and Ch•rll•bl• Statu• The TnJsl's gov8mir¥J docum6nl18 its Tn481 Deed dated 18th Jdy 2000. Charitabl8 $tatu$ was grantsd on 26th May 2(y)4. R•crultm•nt nd Appolntm•nt of Trn•t••• Twstees appropriate skllls are 8ppointed ty thg oxlsllng Tru8ts8 b(Jy. Tru¥to08 rgofflm) annually that thoy vjish to contlnue to fv)Id office. Whore no rBaffirynalion 1$ rgcelve(I thls 18 t8k8n lo mean that they wish lo resign. The Trustees have resolvod that own8rshlp ol some kKomotlve8 and 81ock 8h811 revert lo the Hughos lamily in Ihg evonl that Iho Trust 8hould ever be nd up. Tru•l•• Indu¢tl•)n and Tralnlng Pro8pocUve Tru8ltes aro asked to r•vlew the Chadty Comm188lon'• haffl81 CC3 ¢oncémlng th• rosponglIItIfyty ol Charfty Tw81888. Th8 pre80nl Tru81ee• have wld• expgrfonce tn buslnOBS. local govemment and thè prole¥¥lon8. Rl•k M•n•g•m•nt The Truste08 h8v• rovl6wod th8 rnaT dsko lac•d by thé ¢hoty. RolKvoy oporntlng rl8ki h•v• b••n analysod In a rl8k astse8$mgnl document and arg covgrgd by Ihe TN•I'8 publ1¢ Ilablllty In8urar)cè pollcy for dglm• of up lo £5,OCQ,OW. The TnJsV8 tlI01g 'Cenlral Stallon, opgned to the publlc In May 2007. Thè flnanclal rl$k8 foclNJ thè Tru8t n¢)w 8rf88 from malnlaln8nce and operat1 $1$ of118 Infraslnjcturo. Thg Tru•t•u conUnu• to monllor these TlskB 8nd lo off8el them wherever po8818. Ory•nl•atlonal 3tructur• Most day lo day financial act1 of th• Trust Are manayd by its S8crotary, wllh fr•qu•nl Input from other Truslgos and from memb8rB ol tho Bupport organisalion 'Fri8nd8 01 RhO Mlnlalure Rallwal. Tho Tru81008 aim to mget formally three or four times a year, lo dodde upon tho 8lr•tgglc dlrecuon ol tha TfU&t. R•l•l•d Partl A Trusloo has mad• a l¢)an to the TN81, lotdllng to date £30 (2020.. £39) . No Inl•re•t Is chargvAJ and th•r• ar• no l•rrn for ryym•nl. OBJECTIVES AND ACTIVITES ObJ•¢l• Th• TrusV8 Ct4oc18 are.. To pr•8•rv• aThJ oyrnt• lh• hist¢ mlniature 81o•m lrnln8 on th• fth Mlnlaturn RaHway, at Lake In th• County of D•nblghshirn. lor th• nrrt and •ducallon of luture generations. Publ1¢ B•n•fil The Trustees ar• confldent Ih81 the charltable alm8 of thg Tru8t Sfy the prtrKfjplg8 of b6n•flt •8 defimd In tl* Ch•Tllle8 Act 2011. Th• TnJ8lees onsura that rM)body is excluded from the benefits of the TnJst'$ a¢tivliio8. Th18 18 achievgd by low fares for traln rldes, and fr88 admisslon to the Trusvs other f8ciliti86. Wa al•0 ovlde ac8$ to our bjllding and to traln rides con8i8tenl wth tho Equality Ad.
RHYL STEAM PRESERVATION TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31ST DECEMBER 2021 (CONTINUED) ACHIEVEMENTS AND PERFORMANCE Ml8•lon Btal•m•nt Thfj Trust's ThssIOn stat8mont 18.. To advance wjucalion of the publlc 8bout tho hljtory of RhW Mlnlaturo Rallway. through Ihg contlnu¢d operatn of heritage steam Iralns, and In thè eontexl of Other wmilar miniature r8ilways - Manne Lake fairground and othor local falrground• Moin line railvrdy3 lo Rhw. To ach48 this through promollng gr88t8r acc888 to our collectlon, that Involv08 adulls, chldren, famllles and Schools of all cultLif88. gond8r8 and abllltl88. R•llw•y Op•f•tl¢)n• 2021 Tho railway'8 2021 operallng 8o880n op8n¢d on 18t May, dato8 ts•fO that havlng bgon onthod b8c8U86 of Covld 19 reslrlctlons. Dunno the 8umm8r in partl¢ular Marln? Lake and tho fallY vgry busy due lo poople laking 'stsyolions' in N¢ylh Wales. Alm081 all of our passengern th18 year Iravolled in enclosod coachgs fomalnlng In Ihglr own group. Around the Stalk had o ono Way 8y8t8m log8thor wlh hond sana5$1$ and fadllllès to r•gi8tor 8ttendanco lor NHS T08t and Tra. Only durfng th8 Augu8t 88nk Holld8y dld V+0 run trglns In8tsad ol one. The only spe¢lal event Ih81 we ran durfng 2021 wa8 al Chr161mgi8. Th1• year all ol our Santo tr•ln• ron a8 Inlond•d •nd 801 chlldron v181ted Santa al Contral Statlon. The raifvmy conllnues lo benefll from the 8LlPPOrt of volunteorJ from the'Frlend8 of Rh Mlnlalur• Rallway. Tht Trust's Iv•D part tsm? slaff 1• amploy•d al U8ual b•fvMèn Eoster and September, During Spring 2021 we reassembled our locomolivo Joan uslng the repalred boll6r and now $108rn frtllnos. On 5th May Joan pa$sfjd its boller examination and after that w8$ able lo enter pa888nger 8longslde slmllor k)comotlve Railway Quegn. M8lnl8n8nce ha8 conllnued on both Ic8 1818 often lh• 40 wth s198m locomotlve8. Our l¢xomollve Cagney retumed lo the rallway In rknng ord•r on 17th Aprfl, wth8n11 wa8 exchanged vllh Mlthael a8 that l¢xo needs boiler repah. C8gn•y left us agaln In mld May and ha8 8P8nt tho 2021 8è88on on h)•n to olhor ralway8. FINANCIAL REVIEW R•vl•w of th• Y•ar Thg •ady part of th8 flnanclal year was domlnaled by uncertalnty 8galn atul Covld 19. Matt•r8 re holpod whgn rec61ved 8 gr8nl to compgn8ale u8 for lo8$ of tumovér durfng D•cemr 2020. ond Ih81 wa8 follod by further covld-rnlal8d gr8nt8' In total VY recelved £10,000 from Welsh A880mbly GovomThnl {vl8 Dgnb&h8hlre County Coun1). Once did reopon lo thè publle cuslorrr demand pn)ved to be hlgh, h91ped us ftnond81ty. Shop 8alg8 of oqulpmeni for'crabblng, shO*d 6ti11 further grovth durlng 2021,. tho quanthlo1 ld had to be seon lo bo bel8. Hh vJ81ow dèmjnd eombln8d le88 capil81 Inve8tm8nl In locomotlv#8 thon In other rncont or¥ ha lead thè Trust to havo highor closing r889ryOS than u8ual.
RHYL STEAM PRESERVATION TRU8T TRUSTEES. REPORT FOR THE YEAR ENDED 318T DECEMBER 2021 ICONTINUEDI FINANCIAL REVIEW R•••N•• pollcy Many of the Talal$ annual $ts Ilndudlng Insur8nco, inspgctfjon and publlcltyl are Incurred bef the beglnnln9 of eaGh oper8tsng season. The policy of the Trust Is to build up sufficient reserves lo enatAe at18a8t these costs to be borr each year vlthoul the usg of borrowing. The Trustees intend to takg every futur8 oppLvtunity lo unrgslricted rn8erv••. Unreslrlctgd reservos ol the Trust al 3181 DeCemr 2021 amounted to £232,896. 88nk balan* totallad £83.153, hlghor than the Tru8t ha8 achleved al the end ol any p88t fin8nclal year. PLANS FOR FUTURE PERIODS There w88 a vory Small team runnlng the ralfrway durlng 2021. and dearty for 4 $u8talnaU• lulure th• ovallabh pool of sklllod dma n$ lo be Incre880d. The Tru81'8 ftve •r plan has klonlffiod 8 need for b8tt8r vdunleer lacllltlos and for stor8g8 8r•a• Insldg'central Ststlon. %thlch ore bigger and more easily ac¢o$slble. Tho Trustee8 Intend lo d58C#J88 the89188U08 furth•r, bLrt our Short lo prlorttSes have be•n maintslning our ralKvay equlpmenl and on r08111énco dudng tho porfod of tho vlN8. COVID.19 Tho con86qu•nc•J for the Tru81 of Covld 19 durfng 2021 are dl8CU81od In tho repJ18bov•. 11 Is gxpocted that the 2022 6988on vlll agaln bg subJ8ct to uncertalnty duo to Ihe prevallng rogulatson8 cau89d by Covi¢J 19. INDEPENDENT EXAMINeR Mèssrs DSG were 8ppolnted as th8 Trusf$ Indèpendent examlnèrs dudng tho 8r and have expressed thelr wllllngnes8 lo condnuè In that ¢apa¢lty If 80 roqulrod. Tho financlal statements h8v8 been prepared in accordance vAlh the accounllng p)Il¢ies sel out In not• 1 to the financial statements and comply vAth the charfty8 trust deed. the Charities Act 2011 and 'AccounUng and Raportlng by Charltlè8'. Statement of Recommended Pr8Ctlcè applicabl8 to charllio¥ preparlng Ihelr accounts In g¢cordance wlth th8 Flnancbal Rewung St8nd8rd applkablé in th• UK and ReptJtrAlc of Ireland IFRS 1021 leffecllve 1 January 20191". Adoptsd by th• TN¥l••8 al Iholr meetlng dated 22
INDEPENDENT EXAMINERS. REPORT TO THE TRUSTEES OF RHYL STEAM PRESERVATION TRUST YEAR ENDED 31•t DECEMBER 2021 I rgport to ts Tru8t888 on my examknath)n of tho accounts of tho Rhyl Stoam Pwerv8tion TTU8t Itho Trust) for the year ended 31st December 2021. Th1$ rewt18 made 801oly to thg charfty8 trusle08, as a body. In •Crdanc8 th Sèction 145 of tho Charlll6s Act 2011. My work ho$ been undertaken 80 that I might state to th8 chadtvs Injstees those matters l am wuired to slate to them In thls rèport and for no othor purpose. To fullest extént pomirtied by law. I do not accept or assume respon8iblllty lo anyone other Ih8n the chadty and tho charitys trusteoy •8 a boty. lor my work, for th18 report, or for the oplnlon81 havé fom)fAI. RMpon•lbllltl•• and ba•1• of r•port A8 tho ¢harity Iru81088 of the Trust are re8ponslble for Iho prop6ralk)n of th& a¢¢ounts In accordanco wllh tho raqulromont• of tho Ch8rMle8 Act 20111'lho A¢Y) . I report In res¢1 of my examlnallon of tho Tru81'8 8¢coun18 carri8d out under 80cllon 145 of Ihe 2011 Act and in catyng out my examination I havè fr4lowed al the appli118 Direcllons gwen by tho Chadty Commi88ion under sKlk)n 1451Sllbl of tha A¢t. Ind•p•nd•nt •x•mlTr•rfi •t•t•m•nt Your ottontnIS drawn to the fact that tho charfty has VOPOfO0 flnanclal 8tstomonts In accordan¢8 wlth Accountlng R8p¢)rtlng by Chorilies prep8ring Iholr 8ccount8 In accoid8nc6 vAlh tho Financial Reporting Standard appllc4blo In thg UK and Republlc of Ir¢land IFRS 102> In pr6f8renc• lo tho Accounting 8nd Reportlng by Chadtlo8'. Slalomont of Recommended Pracllc8 i88uod on 1 hprll 2fyJ5 wfilch l• roferred to In the extant r8gulatlon8 but h•8 now vAlhdrawn. l undoTBtand that th18 has boon don• In ord•r for financial 8tatomenls to provwje a truo and falr vlow In 8ccord8ncè wlth Generally AcPIed ACcounne Pra¢tl¢o eff•ctfvo IOT rwrting p•rknd8 b8glnnln9 on or after 1 J•nuory 2015. I have complètèd my examlnallDn. I confinn that no materlal mattors hove come lo my attenllon In connadlon th th8 8x•min8llon gmng m8 cause lo belleve Ih81 In any malerf81 ro8pect'. 1. accountlng record8 wero not k¢pl In rn•p•Gt of th• Trust a• requlrod by ••cllon 130 of the Act,. or 2. the accounll do not accord w¢th th06e r8cord8,' or 3. Iht accounts do rK>I comply wllh th9 opplIc8b requlrnm8nts conceming the fcKm and content of accounts 88t out In the Charttiè$ (Accounts arKI Rgportsl Regulatlons 2008 oth8r than any requlremenl that the accounts givg 0 knie and f•ir viow whKh 18 not m8tter consklergd as p8rt of an independent 8xamin#lion. I havo conc•m8 and have com• Èc¥088 M olhw m8ttv8 In connoctlon with the examlnatlon to wthich #ttention should bg drawn In thks repcvt In ordèr lo ¢n8ble a proper undèrstanding of tho accounts lo bo roached. Joan EIIK8 BA FCA CTA DSG Chartorod Ac¢ountsnts Unlt 5 Evolulon Houso Lakgslde Buslnes8 Pa St DavKI'5 Park Estate EvAoe Fllntshlre CH5 3XP Date.. 25 October 2022
RHYL STEAM PRESERVATION TRUST STATEMENT OF FINANCIAL AcTIEs YEAR ENDED 31st DECEMBER 2021 R•¥trlct•d RMtrfct•d R••trlct•d Unv•#trlct Fund. Fund- Fund- Fund# 8ulldlng Locomotlv• Gatèway ProJ•ct pro¢ ProJ•ct Total 2021 Totsl 2020 N¢A• Charlt•bl• •ctlvltl•• Faros- nom)al doY4 Farg8- sp8clal frvts 78.217 13,028 78.217 13.028 38,815 3,108 DonatlonJ- cash Don4JonB- klnd Grants 391 391 10.122 10.122 30,822 Oth•r tr•dlng actlvttb•• Shop In¢om• 53,867 53,867 26.346 Inv••tm•nt• 13 Tol•l Incom• 155428 1S5.428 99,188 Exp•ndltur• on: R•l•lnq fund• Cost ol 8hop purcha8•8 35,262 35,282 12.968 Ch*rlt•bl• •ctlvftl••: R8h%v8y wr4lng u)Jts Depr8ciatlon 47,981 19.212 1.070 47.981 46.904 1.070 53.992 41,142 1,052 28,137 850 705 T¢)t•l Exp•ndllur• 28,137 850 705 103 $25 131 217 109,152 N•1 {Exp•ndftur•) I Incom• I.137} 1850) 17051 51,901 24,209 {9.968) Total fund• •11 Janu•ry 535.123 8r)O 1.410 180,995 718,378 728,344 Total lund• at 31 O•c•mb•r 508.986 78
RHYL STEAM PRESERVATION TRU8T BALANCE SHEET YEAR ENDED 31•t DECEMBER 2021 Not• 2021 2020 FIXED ASSETS Tanglble Assets StatDn buikling project Statn buiklin9 improvgmonts H8nl and equlpmènt HoritO90 a88e18 10 398,971 402.470 2,089 94.048 166,102 664.709 87.432 166.102 653,549 CURRENT AS8ET8 5.40S 6.300 1,S80 46,848 54,708 Deblorn B8nk 11 90.118 CURRENT UA8ILITIE8 Cr•dltor• 1.039 NEf CURRENT A88eTS 89,038 53.869 TOTAL NET A88ET8 742,587 718,37 ThE FUNDS OF THE CHARITY Unro•trklod fuTht8 232,898 180,995 Ro•trlct•d fund• 2.7. 14 509.891 537.383 TOTAL CHIRITY FUND8 742.587 718,37 Approvod at o m•gling ol th• Tru•l••• on Is L Hugh0• Tru•tO0 S Tu&Thgnd Sottolary
RHYL STEAM PRESERVAnoN TRUST NOTES TO THE ACCOUNTS YEAR ENDED 31Jt DECEMBER 2021 Charfty Inlofmallon Tho Rhyl St8am PrgsorvatK)n TfU8t is an unincorporatod charlty ¥th08e trust deed was adopted on 18 July 2000. The princlpal addro86 ¢)n pag• 1 of thg Irusle•s' ropjrt. ¢¢>unllng pollcl•• The princlpal 8ccountsng policie8 are 8ummaris8d balow. Thè acGounling polkie8 have bgen applied Gonsi8tenlly throughout Iho year arbd In tho precading year. 11 B••l• ol •¢countlng The financi81 statements have been prepared In accordan¢e wfjlh tho charws govomlivj documonl, the Charflios Act 2011. FRS 102 Yhg Financial Raportlng Slandard applkable In th• UK and ReputlC of Ir8land" I"FRS 102.1 and the cha118$ SORP 'Accountlng and Reportin9 by Chadtl88.' Stslement of Recommended Practlce apleSb10 to charities pr8panng their 8ccounl8 in accordanca th the Fin8nci81 Reportiro Sland8rd applica0 In the UK and Reput4lc of Iroland IFRS 102}. leffectlve 1 J8nu•ry 20191. Tho Tw¥1 ¢onstllutes a publlc benefll entsty 88 defin by FRS102. Thg finandal 8latoment¥ ara prepared In $1orllng, whlch 18 the functlonal Currency of th• th4rlty. Monètary amounts In th888 financlal 8talemenls arè rounded to the ne&r851 £. Except for HerStag8 Assets the arxounls hav6 begn pr8P8red undtsr the hislortG81 Go•1 ¢onv•ntlon wlih 41om• recogni88d al c1 or transactlon valuè. 2.2 Fund •¢¢ountlng Unrostrfclod fund¥ are av8ilabl• for u80 •1 thg dlscr•Uon ol tho Tru8t008 In furthernn of th• g•n8rn1 objrflives of tho Chaty. - R8$lridod funds aro $uWoGt to re8lrictlcKb$ tholr oxpendlture Imp080d by tho doTr)T or thrgh th0 to of an apwol. 2.3 Incom• JI IncomlrKJ r88wrc•• aro Includ•d In the •la1om•nt ol fin4ndal actfvllk8 vthen tho charfty onlltlod to th• Income and Ihg amounts ¢an bg quanlifiod wtth reason8blo aCr8¢y. Tho lo1j $po¢fflc pollclos are applled lo partlcular cal8gort¢s of In¢om8.' - Tfaln farn and Shop Income from the Tru8Vs actlvlll88 1$ racogn188d upon roce4pL - Money don8tlonB aro rocognlsed on recglpl; glft akl Is recognlsed on recelpt. - Donatèd assets are Sndud8d al the value lo th8 chartty vthen thls can quantfflod. The ¥•• of 8ervlc•s provided by voluntggr8 h89 not been Induded In these accounts. Inve81ment Income 1$ indvdod thn receivable. - Incomlng rosources from grants, vthere related lo spe¢lnc projocts, are accounted for a• the ch8rfty earn8 the right to consider8n by its perfomianco. 2A Exp•ndllur• Exp8ndlture16 rè¢ognl8od on an accrual basi8 as a 118blllty Is incurrgd. ExpgfKlrtur8 indudgs any VAT which cannot be I¥01d, and Is raportod as part of the expondilur• lo whith il rdatO8. 2.5 Tanglbl• flx•d •vJ•ts Th8 station building and mu86um entered u80 during 2W7. DeprecTr of the 1988ehcAd bullding h88 bbon proded to wrllo off116 cost over th• rgmolnlng Iwe of the1ga80, and charyed to the rel8vanl fund. Pur¢*asod pL9nl and equlpmènl18 depr8daknJ on • $tr8ight line ba818 ovor Its •8tlmat•d Ilfe of thrne lo ten years. Herttage assets donalod lo the Twst durlng 2006 have been Indud8d In tho bo10 shègt at values wer6 as80ss¢d Indepondanlly dudng 200412005. The a$$o1$ learned ar• mlnthrg rallway IDcomfjv68 and rdllng stk clrca olghty years old. AddFtlon8 to herltage as8el• aro 8t8ted al co$1. No d8prac4aOnl8 charged due to the nature of the asset . The values of the8• a880ts are 8ubSect to annual impalmient revl¢ws by th8 Truslee8.
RHYL STEAM PRESERVATION TRUST NOTES TO THE ACCOUNTS (COMTINUED) YEAR ENDED 31•t DECEMBER 2021 oumlng pollcl•B Icontlnu•d) 2.6 Stocks Stocks ar• valued at th8 lower ol co81 and net reall8able valuo. 2.7 RMtrfct•d fund• Bdances on restricl8d funds cre8l•d ty grants and donaUon8 rocei¥ed for capilal Pr0cts WMI b8 rele888d to unrestricted funds against depreciallon of the relevant as881$. 2.8 Golng conc•m At the me of approvlrvJ the financlal slatemen18, the trust868 have a rea80nable expgGtstlon Ihat charlty ha8 adequate r880urce8 to continue In operallonal ex181en¢e lor the foreseeablts fvture. Thus tho truste•8 conllnue lo adopt the goln9 concem basis of 8ccounling In prgp8rlng tho flnancial $14lements. Don•tlon• R••trfct•d Unr••lrlct•d Fund• Fund• T¢)t•l 2021 Totsl 2020 Donatlon• and 91ft8 - 8h & gfft ald 391 391 Grnnt Incom• R••trlct•d Unr••trl¢t•d Fund• Fund• Totsl 2021 Tolal 2020 10,122 30.822 Granls rncoivAbl• durlng 2021 were Welsh Govommont £10,000, Rhyl Town Councll, £12212020: InvlM•nI Incom• R••trl¢t•d Unr••lrlct•d Fund• Fund• Totsl 2021 Tot•1 2020 Bank Inlor•8t 13
RMYL STEAM PRESERVAnoN TRUST NOTES TO THE ACCOUNTS (CONTINUED) YEAR ENDED 31•t DECEMBER 2021 Exp•ndltur• on eharltsbl• •cllvlti R•strlGt•d Unr•#trlc¢•d Fund• Fund• Total 2021 Total 2020 R•llway Op•rntlng Co•t• Coal and ol Inspectlon feas Woges Insuranc• Eloclriclty Tolgphone and alami malntenance Walgr rates Ronl and ralos Ropairn Ond m8lnt•n8n Sp8¢I81 ovenl c08t8 Loaflots ond 8dvertlslng Sundde8. mu8eum equlpment and con•ultancy 3,283 1,018 17,059 6,240 2,168 1.533 781 367 6.208 4,351 2,809 3.283 1.866 1.018 1.030 17.059 22,686 6.240 8.174 2.168 2,863 1.533 1.916 761 367 6.206 4.3S1 367 4,889 2,141 2.917 2,386 6.883 47.9 53 Gov•man¢• ¢o•l• RMlrl¢t•d Unr••trlcl•d Fund• Fund• Total 2021 T•tsl 2020 Ind•pond•nl •Xam1r11 loe 1,070 1,070 1,052 N•t In¢om• lor lh• 2021 2020 Th1810 81ot8d 8ft¢r charglng.. D•pr•clalh)n Ind•pendonl •xamino¢8 remuneratlon 48,904 1,070 41,142 None of thè trustees or any pmon8 ¢onn8¢tod wlth them recelvfjd any remurnrallon or r•bmbur88d nseS durlng th¢ year {2020: nll). 10
RHYL STEAM PRESERVATION TRUST NOTES TO THE ACCOUNTS ICONTINUEDI YEAR ENDe0 31•t DECEMBER 2021 2021 2020 Wages and $8lan88 i8188Cur ¢08ts Other penslons costs 16.710 22,085 349 621 17.059 Tho averagfj numbe of p•r8on8 omthed by tho charfty durlng thè ywr wa8 88 foMow4.' 2021 No 2020 No Full tlm• •qufval•nt staff 10 Tanglbl• ••••t• Statlon 8ulldlng ProJ•¢t Bulldlng Improv• m•nt• Pl•nl •nd Equlpm•nt H•rltag• A•••t• Total Co•t or v•lu•tlon at 181 January 2021 Addlllons al cost dudng tho ygor Addl118 al valuolion durtng the year DI8po8als 778,046 10,449 197,971 166.102 1.152,588 25.000 10,744 35,744 Balanc •t 3161 Do¢emr 2021 803,048 166,102 1188312 D•pr•¢latlon al 1st JanuAry 2021 Charge for th year Dhpo8al8 375.576 28,499 8,380 1,045 103.923 17.360 487,859 B•bnLS at 3181 Oecember 2021 9,405 121,283 534,763 N•t B¢M>k Valu• At 31¥t 0mb$r2021 398.971 87,432 166,102 653,549 At 318t t)ocomber 2020 402,470 2,089 166,102 864,709 Tho Station IldIng project Is located on land1ga8ad for 8 perlod of thlrty ar¥ from 8th March 20CK. 11
RHYL STEAM PRESERVATION TRUST NOTES TO THE ACCOUNTS ICOlffiNUED} YEAR ENDED 31st DECEMBER 2021 11 D•btov• Total 2021 Totsl 2020 Pr8p8yTngnl• 1.560 12 Cr•dltor•: amounts t•lllTrg du• wlthln on• y•ar Total 2021 Tot1 2020 IntWO8t Iw In from Tru8tè• Accrual$ 39 1.050 13 An•ly•l• of n•t ••••ts b•lw••n fvnd• Y•ar •nd•d 31 Docombgr 2021 R••trlct•d R•¥trSct•d R••lrf¢t•d Unrn•trlct•d Tol•l Fund# Fund• Fund- Fund• Bulldlng Locomotlv• G•t•w•y ProJ•¢l Fund TTrJlb fixed a880ts Stock Doblorn Bank Callor• due wlthln ono Cr•drtor8 duo In moro than on• ar 508,988 705 143,858 853.549 5,405 5.405 83,153 83,153 11.080) 11.080) Yr •nd•d 31 O¢cgmbor 2020 R••trfct•d RtrIct•d R••trfcl•d Unr••trlct•d Totsl Funds Fund• Fund - Fund• Bulldlng Locomotlv• Gal•w4y Prol•Gt Fund Prol•Gt Tanglble flxod 088et8 Slodt Debtors Bank Credrtor8 due wlthin one year Cr•dilor8 dug In mcffe than one year 535,123 850 1,410 127,326 664,709 6,300 1,560 1.580 46.848 46.848 11,0391 11.0391 535.12 so 1.410 180.995 ,37 12
RHYL 8TEAM PRESERVATION TRUST NOTES TO THE ACCOUNTS ICORTINUEDI YEAR ENDED 31st DECEMBER 2021 14 RMtrfct•d fvnd• Monies received by way of capltsl fundlng for thè station Iwilding project have been (xeditod to the st8tJon bulldlng project fund. Following compleuon of th8 project an annual deweo'albon ¢harge for the building Is being ch8ro8d lo the fund. The effect of the polky VAII be lo reduce thè balance of thg fund to zero ovor the Same perbd a¥ the fixed 88S&t ¢oncemed. Mon16B ToGeived by way ol ¢apitsl funding for the restoratlon of locomoU¥a8 have be8n credited to the locomotiv6 projeGts fund. Followkng complolion of gach proj8cl an annual depreciatlon charge for the locomotive 1$ boing chargj to the lund. The effect of the pdicy be to r•du¢o the balance of the fvnd to Zoro over the Bam8 Perlod a¥ the fixed a88et concernod. Monlo8 recow by way ol capltsl fijndlng for th• Museum Gat•way prolKt he boon credrtod to thè Gateway Project fund. The maln Il¢m funded th18 Way was ¥ w)od8n canopy ich enhances the approach lo Central Stallon. The dopreclallon charge on these It8mo18 bdng charged lo tho fund. The 8ff8cI ol the policy will bo lo reduce tho bal8nGo of the lund lo zero ov•r the 8am• 88 the ted 888•18 concerned. Y•or ded 31 D8¢omb•r 2021 Bal•nc• •1 In¢omlng Trnn•f•r v• B•l•nc• at 1 January r••our¢u d•pr•clallon31 D•c•mb•r 2021 2021 Stalkn tIldIng and mu•oum prolo¢t Lc¢omotlvo Prolgct8 Fund Galmy ProjKt Fund 535,123 850 1,410 12e.1371 {8501 {7051 508.986 705 537,38 27.692 91 Yr wd*J 31 Doeambor 2020 Balanc• at Incomlng Tran•f•r r• B•lanc• at 1 Janu•ry r••ourc•• d•pr•clatlon 31 D•c•mb•r 2020 2020 ststk>n bumdlng and m8rn prolecl Locomotive Prolects FurKI Galoway Project Fund 561,260 2,380 2,115 {26,137) 11,530) 1705) 535.123 1,410 ,372 537, 83 15 R•l•t•d party tran•adlon• DudThJ 2021 Trust PaKI £25.0 to L Hughe8. a Tru8100, a8 relmbur88m8nt ¢08ts kn¢uffed ¢c¥Kemlng tho Tru$V$ propefty Contral Stauon. Dudng 2021. the Tru8t pald £84.000 to Mr S Townsend, a Tru8tee, to rnlmburne dlrecl chadtablo •xpendltum of £83,987. Th8 Trust owed £30 to Mr Town8end at the year end. 13